Wednesday, August 25, 2004

Alcatel and Pirelli Completed Undersea Networking Deal

Alcatel and Pirelli completed the transacticion involving their respective submarine networking operations. Under the deal, which was first announced in May, Alcatel has acquired certain Pirelli related assets and obtain intellectual property rights, while Pirelli has taken a 5% shareholding in Alcatel's submarine business, with associated mutual put and call options. http://www.alcatel.com

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